(Not legal advice; just relaying my own experiences & understandings)When a borrower files a Ch 7 or Ch 13 bankruptcy, there is an automatic stay against all creditors from collecting on the filer's debts. As a le...
We are looking into getting a private Investors Loan of 120,000$ with these Terms. We are calculating our repayments to be around 2700$ Would this be correct? Also we are not quite sure what point 3b means for us.... ...
Hi BP !,
I am looking to wholesale a Single Family Property. The owner is deceased and the widower wants to sell. Prior to me locating the property, I assume the (wife) filed for Debtor's Court. The property...
Hello,
I just wanted to know the proper laws in Kansas City, Missouri to charge tenants for property damages after eviction. As we know as investors the security deposit does not cover all damages. What is the best w...
We're in DD on a FL NPN and see that the borrower has requested and received Mortgage Modification Mediation in their Ch 13 BK in Florida's Southern BK court. I've done some online research and it looks like an easy ...
I'm looking for help from the crowd on this one.I'm putting together a blog post with a checklist that a creditor/lender should follow in case their borrower files a Chapter 13 bankruptcy petition. The purpose is to p...
I'm in of foreclosures, reo's, and short sales in the Essex County, Nj area. Please leave responses in the comments.
My neighbors are going through bankruptcy, I think its chapter 13. They have a couple of rental properties that are included in the bankruptcy. They are upside down and will result in an eventual shortsale. What hap...
What are the buying options for someone in CH13 BK filing? He has very good financial standing, income, credit score is above 650 and has a good rental history. Can lease option to buy be considered? Yes I know you ar...
Was reading this article on Medium https://medium.com/@trueaccord/how-one-rude-debt-collector-made-us-start-trueaccord-34414fe16170I immediately thought that this tool maybe great for the lenders of the board. Here is...